May 3, 20222 min read

Lindsey & Michael: Multi-Unit Investors

Lindsey and Michael found me on Google and called me about one year ago. They asked me to come over and interview to sell their property in Sloan's Lake. After interviewing a couple of agents, they decided to work with me! Within just a few weeks, we got their home on the market and sold their home for more than $100,000 over list price with a quick close!

After selling their house, we went to a sake bar in RiNo to celebrate. We invited Kayty (my fiancé) to join us. We all bonded over sake and quickly became friends! Lindsey and Michael then decided to use Kayty to photograph their wedding! Michael and I had a meeting afterwards to discuss how to build his investment portfolio and how to acquire a couple of doors to set the two of them up for retirement.

Flash forward to this spring, and they came to me ready to buy a duplex! We looked at a couple and quickly found a great duplex in Lakewood. We put in an offer and they got under contract on their very first one! The deal went well as we negotiated $8,000 in credits and the house appraised for $20,000 more than what they were under contract for! Woohoo! The seller and listing agent were a pleasure to work with and all parties made out very well in the end.

Congrats Michael and Lindsey, as you start to build your investment portfolio with properties! And an even bigger congrats to both of you on your wedding last weekend! Kayty and I had a blast and it was beautiful!

Investment Details:

Purchase price: $825,000

Monthly payments: $4,500/month (for both sides)

Anticipated rental income: $6,000/month (for both sides)

Cap rate: 5%